(1)Used when showing an extreme amount of disgust; or disliking about something.
(2)Used when showing a large amount of pleasure or happiness in a certain instance. Also, can be used as a variant to the word "hype".
This word is meant to be reserved for only the situations that involve your highest levels of emotion.

1.(You just found out that your girlfriend slept with your best friend)"That shit is bonko!"

2.(Your friend asks you how having sex with the hot girl you met at the bar the night before was)"That shit was bonko!"

(1)Used when showing an extreme amount of disgust; or disliking about something.
(2)Used when showing a large amount of pleasure or happiness in a certain instance. Also, can be used as a variant to the word "hype".
This word is meant to be reserved for only the situations that involve your highest levels of emotion.

1.(You just found out that your girlfriend slept with your best friend)"That shit is bonko!"

2.(Your friend asks you how having sex with the hot girl you met at the bar the night before was)"That shit was bonko!"